AppLovin Corporation $APP Shares Acquired by Gateway Investment Advisers LLC

Key Points

• Gateway Investment Advisers boosted its stake in AppLovin by 6,867.7% in Q4, buying an additional 31,042 shares to hold 31,494 shares worth about $21.22 million.
• AppLovin beat Q1 expectations, reporting $1.84 billion in revenue and $3.56 adjusted EPS (vs. $1.77B and $3.44 consensus) and gave Q2 revenue guidance with a midpoint (~$1.93B) modestly above Street estimates.
• Significant insider selling occurred recently: the CTO sold 62,804 shares (~$30.55M) and the CEO sold 50,000 shares (~$23.3M), with insiders selling 365,244 shares worth ~$169.6M over the past three months (insiders now own 13.66%).

Gateway Investment Advisers LLC boosted its position in shares of AppLovin Corporation (NASDAQ:APP - Free Report) by 6,867.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,494 shares of the company's stock after purchasing an additional 31,042 shares during the period. Gateway Investment Advisers LLC's holdings in AppLovin were worth $21,221,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in APP. Revolve Wealth Partners LLC acquired a new stake in AppLovin during the 4th quarter valued at $294,000. Bison Wealth LLC acquired a new stake in AppLovin during the 4th quarter valued at $239,000. Integrated Wealth Concepts LLC grew its holdings in AppLovin by 58.0% during the 1st quarter. Integrated Wealth Concepts LLC now owns 1,692 shares of the company's stock valued at $448,000 after purchasing an additional 621 shares in the last quarter. NewEdge Advisors LLC grew its holdings in AppLovin by 5.7% during the 2nd quarter. NewEdge Advisors LLC now owns 14,523 shares of the company's stock valued at $5,084,000 after purchasing an additional 782 shares in the last quarter. Finally, Treasurer of the State of North Carolina grew its holdings in AppLovin by 7.2% during the 2nd quarter. Treasurer of the State of North Carolina now owns 139,189 shares of the company's stock valued at $48,727,000 after purchasing an additional 9,380 shares in the last quarter. 41.85% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

APP has been the subject of a number of recent analyst reports. Argus initiated coverage on shares of AppLovin in a report on Tuesday, April 14th. They set a "buy" rating and a $520.00 price target for the company. UBS Group lowered their price target on shares of AppLovin from $740.00 to $716.00 and set a "buy" rating for the company in a report on Tuesday. Needham & Company LLC reaffirmed a "buy" rating and set a $700.00 price target on shares of AppLovin in a report on Wednesday, March 11th. Zacks Research lowered shares of AppLovin from a "strong-buy" rating to a "hold" rating in a report on Thursday, February 12th. Finally, Scotiabank raised their price objective on shares of AppLovin from $750.00 to $775.00 and gave the stock an "outperform" rating in a report on Thursday, February 12th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $672.05.

Trending Headlines about AppLovin

Here are the key news stories impacting AppLovin this week:

• Positive Sentiment: Better-than-expected Q1 results — AppLovin beat top- and bottom-line estimates, delivered strong margin and net-income growth, and reported $1.84B revenue and $3.56 adjusted EPS, showing robust demand for its ad platform. AppLovin Beats Quarterly Revenue Expectations
• Positive Sentiment: Outlook nudged above Street expectations — management’s Q2 revenue midpoint (~$1.93B) sits modestly above analyst estimates, giving revenue guidance support to the beat. AppLovin NASDAQ: APP Surprises With Strong Q1 CY2026
• Positive Sentiment: Analyst tone improving — AppLovin received an upgrade to Zacks Rank #2 (Buy) ahead/around results, which can support demand from momentum and quant buyers. AppLovin (APP) Upgraded to Buy
• Neutral Sentiment: Ownership / governance note — a recent profile highlights that the founding/insider family now controls a larger stake than a prior private-equity suitor (KKR); this speaks to concentrated insider ownership but has mixed implications for liquidity and strategic optionality. This Investor Was Pushed Out Of A $1.4 Billion Deal
• Negative Sentiment: Short-term volatility / profit-taking — the stock initially jumped on the beat but reversed afterward, suggesting traders pared gains and near-term momentum cooled. Expect elevated intraday swings. AppLovin Stock Jumps, Then Reverses, Following Q1 Results
• Negative Sentiment: Valuation and risk considerations — despite strong earnings growth, APP’s high valuation and beta make it sensitive to rate/AI sentiment and profit-taking; some pre-earnings commentary flagged mixed technicals and rich multiples. AppLovin Stock Before Q1 Earnings: To Buy or Not to Buy?

Insider Transactions at AppLovin

In other news, CTO Vasily Shikin sold 62,804 shares of the firm's stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $486.43, for a total value of $30,549,749.72. Following the transaction, the chief technology officer directly owned 3,255,273 shares in the company, valued at approximately $1,583,462,445.39. This trade represents a 1.89% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Arash Adam Foroughi sold 50,000 shares of the firm's stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $466.04, for a total transaction of $23,302,000.00. Following the completion of the transaction, the chief executive officer owned 2,480,414 shares in the company, valued at approximately $1,155,972,140.56. The trade was a 1.98% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 365,244 shares of company stock worth $169,584,607. 13.66% of the stock is currently owned by insiders.

AppLovin Price Performance

Shares of APP stock opened at $468.83 on Thursday. The firm has a market cap of $158.13 billion, a P/E ratio of 48.09, a P/E/G ratio of 0.83 and a beta of 2.37. The company has a debt-to-equity ratio of 1.65, a current ratio of 3.32 and a quick ratio of 3.32. AppLovin Corporation has a 1-year low of $292.87 and a 1-year high of $745.61. The firm has a fifty day moving average of $440.72 and a two-hundred day moving average of $533.67.

AppLovin (NASDAQ:APP - Get Free Report) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $3.56 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.44 by $0.12. AppLovin had a net margin of 57.42% and a return on equity of 245.64%. The company had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.77 billion. During the same period last year, the firm posted $1.67 EPS. The company's revenue for the quarter was up 58.9% on a year-over-year basis. As a group, research analysts anticipate that AppLovin Corporation will post 15.72 earnings per share for the current fiscal year.

AppLovin Company Profile

AppLovin Corporation is a Palo Alto–based mobile technology company that provides software and services to help app developers grow and monetize their businesses. The company operates a data-driven advertising and marketing platform that connects app publishers and advertisers, delivering tools for user acquisition, monetization, analytics and creative optimization. AppLovin's technology is integrated into a broad set of mobile applications through software development kits (SDKs) and ad products designed to maximize revenue and engagement for developers.

Key components of AppLovin's offering include an ad mediation and exchange platform that enables publishers to manage and monetize inventory across multiple demand sources, and a user-acquisition platform that helps advertisers target and scale campaigns.

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